1. Daily Technical Outlook
22nd June 2012
Indices * Close % Chg.
BSE SENSEX 17032.56 0.80
Follow up buying needed at higher levels
S&P CNX NIFTY 5165.00 0.87
Mirroring the negative Asian market cues; the domestic
NIFTY JUNE FUT. 5173.85 1.00
markets witnessed a subdue opening. The markets continued
India VIX 19.94 -5.18 to display listless and range bound trend. The volumes
S&P CNX NIFTY Technical Levels recorded remained on lower side. However, buying
momentum and volumes picked up in the afternoon trade as
Level 1 Level 2 Level 3
markets rose sharply led by banks. This also led to short
Support 5114 5073 4950
covering. The markets showed no signs of weakness and
Resistance 5250 5333 5379 inched closer to the 5200 level. The markets ended the day
Moving Averages S&P CNX NIFTY with modest gains to close near the highs for the day. The top
50 Day SMA 5059.57
gainers for the day were JP Associates, DLF, IDFC, PNB,
BHEL, Rel. Infra, Bank of Baroda, ICICI Bank, Axis Bank and
100 Day SMA 5199.07
L&T.
200 Day SMA 5074.37 ◄Critical
Technically, the market breadth remained positive amidst
Market Breadth * BSE NSE
higher volumes, which is a positive sign for the markets.
Advances 1658 935
The global market cues are weak. The domestic markets
Declines 1079 512 are likely to witness a gap down opening. The prevailing
Same 124 81 technical positives helped the markets witness buying
Total 2861 1528 support. The Stochastic has moved above its average.
A/D Ratio 1.54 : 1 1.83 : 1 Moreover, the RSI, the MACD and the KST are already
placed above their respective averages. The MACD and
Volume (Lacs Shares) * KST are also placed in the positive territory, which
21/06/12 20/06/12 % Chg. augurs well for the markets. The Nifty is placed above the
BSE 1823 1824 -0.05 50-day SMA and 200-day SMA. The Nifty basis remains
NSE 5668 5444 4.12 positive as Nifty futures trades at a premium to Nifty spot
Total 7491 7268 3.07 index. However, the prevailing technical negatives
continue to hold good and are likely to cap upside gains.
Turnover ( ` Crores) * The Nifty remains placed below its 100-day SMA.
21/06/12 20/06/12 % Chg. Moreover, the 50-day SMA is placed below its 100-day
BSE 1960.73 1903.98 2.98 SMA and 200-day SMA. These negative conditions would
NSE 9754.02 9316.46 4.70
result in regular bouts of profit taking and selling
pressure. The ADX line, +DI line and the –DI line are
NSE F&O 140575.43 118567.04 18.56
moving sideways indicating a range bound trend. The
Total 152290.18 129787.48 17.34
market sentiment remains tentative. Now it is important
F&O Contracts Traded (NSE) * that the markets witness follow up buying support at
21/06/12 20/06/12 % Chg.
regular intervals for Nifty to move above the 5200 level.
Increased buying support is likely to be witnessed if the
Index Fut. 519356 379903 36.71
Nifty closes above the 5200 level. In the meanwhile the
Stock Fut. 666605 505799 31.79
markets would take cues from Rupee which incidentally
Index Opt. 4123458 3643574 13.17 touched new historic low, global markets and the crude
Stock Opt. 252988 179452 40.98 prices. The support levels for Nifty are placed at 5114, 5073,
Total 5562407 4708728 11.75 4950, 4841 and 4777. The Nifty faces resistance at the
NOTE - *- Source – BSE & NSE
5250, 5333, 5379 and 5500 levels.
Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
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The Ruby, 9 Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. Jaldi 5
(Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
AB Nuvo 796.00 Buy Above 801.00 785 2.00 835 4.24
Allahabad Bank 147.50 Buy Above 148.25 145 2.19 155 4.55
Bata 847.25 Buy Above 852.00 830 2.58 900 5.63
* Stop Losses are to be considered strictly on closing basis.
Intra-day Resistance Intra-day Support
Indices Close Pivot Point R1 R2 R3 S1 S2 S3
BSE SENSEX 17033 16961 17122 17212 17462 16871 16710 16459
S&P CNX NIFTY 5165 5143 5192 5220 5297 5116 5066 4989
NIFTY JUNE FUT. 5148 5204 5235 5321 5118 5062 4975 5148
Keynote Capitals Ltd.
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The Ruby, 9 Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Stocks to watch out today
ABB, AB Nuvo, Allahabad Bank, Andhra Bank, BoB, Bata, Century Textiles, Dabur, Delta Corp; Dish TV, Educomp, EKC,
Federal Bank, Godrej Inds; HDIL, Hero Motorcorp, HOECl, HPCL, HUL, ITC, JP Associates, LIC Hsg; MRPL, NCC, Oil India,
ONGC, Piramal Healthcare, Siemens, Sterlite, Sun Pharma, Tata Global, Tata Motors, Tata Steel, Tulip, Yes Bank
Jubilant Foods, TCS
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